326-384 Davenport Avenue & 859-879 Congress Avenue

• Approved 194-Unit Multifamily Development Site
• Apartment Rents in Submarket Exceed $3/SF/Month
• 1.99 Acres in BA Zone
• Zoning Allows for Many Uses Including Multifamily, Retail, Medical, Office, Parking & Outdoor Storage
• Dynamic & Growing Market
• 0.7 Miles to Yale New Haven Hospital

Property Description

Davenport & Congress is a 1.99-acre development site fully approved to build a 194-unit apartment complex. Full civil, architectural, and engineering drawings are complete. Market rents for apartments in the immediate neighborhood surpass $3/SF/month. The BA zone allows for extremely diverse uses including multifamily residential, retail, automotive, outdoor storage, medical, hospitality, parking structures, or office among others, in the event a new owner wanted to modify the existing plan or develop it for a different use. New Haven is a Biotech Hub and one of the most dynamic markets in the state of Connecticut. The property is 1 mile from 101 College Street, a brand new 500,000 SF bioscience lab building. The property is also conveniently 0.7 miles from Yale New Haven Hospital and stands near several other hospitals and universities including Yale New Haven Saint Raphael's, Yale University, University of New Haven, Southern Connecticut State University, and Albertus Magnus College.